Pacific families have amongst the lowest home ownership rates in Aotearoa New Zealand and the situation is getting worse. There are several reasons why many current programmes do not always meet the needs of Pacific families including family size, multigenerational living, household income, and household debt.
Hon Aupito William Sio, Minister for Pacific Peoples, has released a media statement announcing the launch of the Pacific Building Affordable Homes Fund.
The Pacific Building Affordable Homes Fund aims to increase Pacific home ownership rates by:
We recommend you read our Frequently Asked Questions about the Fund, prior to applying.
If you have any questions about the fund, please email [email protected].
The fund is open to Pacific organisations, private developers, iwi/Māori, and non-governmental organisations.
While priority will be given to developments on Pacific owned land and organisations working in partnership with Pacific communities, our focus is on funding projects that will deliver affordable, quality, and suitable family homes for purchase. These homes must be purchased for home ownership. We will also look favourably on non-Pacific organisations partnering with Pacific organisations.
To be eligible for this fund, applicants must show that:
We will only fund a portion of the direct costs of building homes for eligible Pacific families to purchase for home ownership.
Funding will be limited to the minimum needed to support the viability of developments, capped at a maximum of 25% of project costs for the Pacific homes overall. This can include costs related to land, infrastructure, professional services, the house construction and/or project costs, where these can be directly attributed to building the agreed Pacific homes.
We will not fund any costs not directly related to building the agreed Pacific homes for purchase for home ownership. This includes community facilities, other amenities and rental properties. The homes cannot be purchased as investment properties to be rented.
We will also not fund houses built in the Pacific Islands or elsewhere outside New Zealand.
There is a two-step application process for funding.
Step 1) Submit a Registration of Interest (ROI)
To assist with this, you can download one of our Registration of Interest forms from the Government Electronic Tenders Website:
If your Registration of Interest is successful, you’ll be invited to move to Step 2:
Step 2) Submit a Request for Proposal (RFP)
If your application progresses to this stage, we will be in touch to tell you what’s required to submit your Request for Proposal.
We will assess eligible applications against the following criteria:
1. Pace – the time needed to build the Pacific homes
2. Scale – the number of Pacific homes being built
3. Affordability – the affordability of the homes, including alignment with KiwiBuild caps where relevant
4. Experience - the track record of the named developer in successfully delivering housing developments
5. Fit for purpose - how housing and/or development design will meet the needs and aspirations of Pacific families
6. Additionality – the number of additional features listed below that will be met through the development:
Following are the key dates for the Pacific Building Affordable Homes Fund:
Deadline for Questions: 12 October 2022
Deadline for Applications: 12:00PM, 19 October 2022
Applicants advised of outcome by: 9 November 2022
Request for Proposals open: November 2022
Request for Proposals closes: Mid February 2023
Contracts agreed: Late May 2023
IMPORTANT: To be eligible for funding, Pacific family homes construction needs to begin no later than May 2024.
Check our Frequently Asked Questions about the Pacific Building Affordable Homes Fund.
If you need more information about the Pacific Building Affordable Homes Fund - please email [email protected].